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Void Periods: What does that mean for you?
If you purchase a property for £300,000 and its received a monthly rent of £3000 you are yielding 12% and this would take approximately 8.3 years to recoup the purchase price. With the same purchase price, the same rent but a month void period between tenancies once a year this starts to look different. Your […]
THE TORTOISE & THE HARE
At some point in each of our lives most of us are told the story of the tortoise and the hare and for those of you who haven’t heard this story, a tortoise and a hare engage in a race where the hare speeds off using all of his energy, eventually becomes tired and rests […]
HOMES FIT FOR HUMAN HABITATION – ACT 2018
The Home (fit for human habitation) Act 2018 On 20 March 2019 a new law came into force to make sure that rented houses and flats are ‘fit for human habitation’, which means that they are safe, healthy and free from things that could cause serious harm. Most landlords make sure that the houses and […]
How To Stage Your Home For Viewings
‘Home staging’ is the hot new buzzword in the property world right now. The idea is to make each room in your house look like a show home, making it easy for potential buyers to imagine themselves living an idyllic existence there. What exactly is home staging, and what’s the point? According to Wikipedia, “Home staging […]
AN EASY GUIDE TO BUYING A HOME
I want to buy a new home, but where to start? Sometimes, when you’re looking to move, it’s hard to know where to start. Do you sell yours first or buy then sell? When do you look for a mortgage? Which solicitors do I use? How long will this all take? So many more questions, […]
The Conveyancing Process Explained…
The Conveyancing Process The conveyancing process is not a strictly regimented one. Different solicitors will have their own way and order of approaching things, as well as an entirely different pace of work. It usually takes around two months from the day you agree the sale to the exchange of contracts, though there are no […]
Are Student HMO’s a dying breed?
3 years ago, I remember sitting in my office on a Saturday afternoon at 6pm (I was due to finish at 4pm) with clients in my office with parents in tears after being let down on another student property. I managed to locate a vendor selling a 4 bedroom property for HMO purposes and a […]
How’s the Market? Portsmouth, May Edition
Welcome to the May edition of ‘How’s the Market?’ – the monthly article designed to highlight the factors affecting the residential sales and lettings markets in Portsmouth and Southsea, answering the question that clients ask me most frequently. Each article will now include an ‘Expert Guest’ – a specialist giving an insight into their field […]
HIGH STREET AGENCY OFFICES
The debate of high street vs online estate agency will continue for some time i’m sure, and the debate will evolve as the high street model moves away from the rigid structure of multiple branches and multiple overheads. But there is one core aspect of high street agency that baffles me; high street agents have […]